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DOLLAR_INDX,DXY H4 4 March 2024DOLLAR_INDX, H4 The Dollar Index faced a decline last Friday as the market's risk sentiment underwent a shift. Discouraging ISM manufacturing PMI readings weighed on the dollar, prompting investors to sell the currency and turn their attention to riskier assets. Throughout the upcoming week, several members of the Federal Reserve are scheduled to deliver speeches. These addresses are anticipated to provide insights into the Fed's potential monetary moves, influencing the trajectory of the dollar's strength. The Dollar Index has declined but has found support at near 103.85, suggesting the bullish trend remains intact. Suggesting a neutral signal for the dollar index. Resistance level: 104.50, 104.95 Support level: 103.70, 102.90
TVC:DXY
by top_fx
USDJPY H4 4 March 2024USD/JPY, H4 USD/JPY experiences uncertainty due to mixed monetary policy statements from Bank of Japan members. While Hajime Takata signals a potential exit from ultra-loose policy with the inflation target in sight, Governor Kazuo Ueda provides a contradictory view, emphasising the need for confirmation in a positive wage-inflation cycle. This mixed sentiment continues to fuel uncertainty for the USD/JPY pair. USD/JPY is trading lower following the prior retracement from the resistance level. Suggesting the pair might extend its losses since the RSI stays below the midline. Resistance level: 150.80, 151.70 Support level: 149.40, 147.60
Short
by top_fx
AUDUSD H4 4 March 2024AUD/USD, H4 AUD/USD remains range-bound amid a weakening US Dollar, providing support for the pair. However, the Australian dollar faces challenges due to lower-than-expected economic performance in Australia. Consumer price inflation in January stagnates at a two-year low, contributing to expectations of unchanged interest rates. Investors await crucial Australian data releases, including the Services Purchasing Managers Index (PMI) for February and Gross Domestic Product (GDP) for Q4 2023, for additional trading signals. AUD/USD is trading higher while currently testing the resistance level. Suggesting the pair might extend its gains after breakout. Resistance level: 0.6535, 0.6615 Support level: 0.6484, 0.6410
Long
by top_fx
EURUSD H4 4 March 2024EUR/USD, H4 The EUR/USD pair has discovered a support base around 1.0800 levels, initiating a rebound and making strides to surpass its prior high. The surge is predominantly attributed to the dollar's depreciation, prompted by lacklustre U.S. PMI readings that led investors to shed dollar positions. Attention is now firmly fixed on the European Central Bank's (ECB) upcoming interest rate decision scheduled for this Thursday, with market expectations leaning toward the maintenance of unchanged interest rates. EUR/USD is supported at above 1.0800 and recorded a rebound, suggesting the buying power is gaining. Suggests a neutral signal for the pair. Resistance level: 1.0865, 1.0954 Support level: 1.0775, 1.0770
by top_fx
GBPUSD H4 4 March 2024GBP/USD, H4 GBP/USD staged a rebound from support levels amid a weakening US Dollar, triggered by disappointing ISM Manufacturing PMI data. Despite recent economic challenges, certain Fed members maintain a hawkish stance. San Francisco Fed President Mary Daly cautions against hasty rate cuts, emphasising potential risks to economic performance. Concurrently, Cleveland Fed President Loretta Mester dismisses expectations of a prolonged disinflation trend from the previous year, reinforcing confidence in the ongoing positive trajectory of the US economy and indicating a reluctance to implement earlier interest rate cuts. GBP/USD is trading higher following the prior rebound from the support level. Suggesting the pair might extend its gains since the RSI stays above the midline. Resistance level:1.2710, 1.2785 Support level: 1.2635, 1.2530
Long
by top_fx
XAUUSD H4 4 March 2024XAU/USD, H4 Gold prices experienced a substantial surge, reaching their highest level since December. The weakened dollar, influenced by the latest PCE reading aligning with market expectations and lower than the previous figure, contributed to the bullish momentum in gold. Investors closely monitored the ongoing ceasefire talks in Cairo, Egypt, amidst escalating tensions in the Middle East, adding an additional layer of complexity to the precious metal's movements. Gold prices have broken above the uptrend channel and gained an early 2% in the last session, suggesting that gold prices are trading with strong bullish momentum. Suggests the bullish momentum is strong. Resistance level: 2088.00, 2118.00 Support level: 2068.80, 2049.90
FX:XAUUSDLong
by top_fx
CLOIL, USOIL H4 1 March 2024CL OIL, H4 Oil prices face resistance and fail to break above crucial levels due to a lack of market catalysts amid global economic uncertainties. Downbeat economic data from both the US and Eurozone contribute to a dimmed global economic outlook. Additionally, Eurozone inflation dips further, adding to the prevailing uncertainties in the oil market. Oil prices are trading lower following the prior retracement from the resistance level, suggesting the commodity might extend its losses since the RSI retreated sharply from overbought territory. Resistance level: 78.65, 81.20 Support level: 75.20, 71.35
TVC:USOILShort
by top_fx
USDJPY H4 1 March 2024USD/JPY, H4 The Japanese yen experiences initial surges in Asian trading hours following indications from Bank of Japan policymakers hinting at an eventual exit from ultra-easy policies. The central bank sets its sights on achieving the long-sought 2% inflation goal, contemplating a shift in its easing monetary policy later this year. However, market scepticism prevails as investors await concrete actions to match verbal commitments. USD/JPY is trading higher following the prior rebound from the support level. Suggesting the pair might extend its gains toward resistance level since the RSI rebounded sharply from oversold territory. Resistance level: 150.80, 151.70 Support level: 149.40, 147.60
Short
by top_fx
AUDUSD H4 1 March 2024AUD/USD, H4 The Australian dollar recently faced a notable decline, breaking a bearish pattern due to a strengthening U.S. dollar. However, a positive turn occurred with the release of better-than-expected Chinese PMI data, indicating an improved economic performance in China. This positive news provided support for the Australian dollar, allowing it to recover during the Friday trading session in the Asia market. The AUD/USD pair has declined from its symmetric triangle pattern but has found support at above 0.6485 levels. The RSI remains hovering in the lower region while the MACD crosses below the zero line, suggesting the bearish momentum is easing. Resistance level: 0.6535, 0.6617 Support level: 0.6484, 0.6410
Short
by top_fx
EURUSD H4 1 March 2024EUR/USD, H4 The EUR/USD pair has pulled back from its technical rebound observed in the previous session but found support at the 1.0800 level. The U.S. dollar strengthened following the release of the U.S. Personal Consumption Expenditures (PCE) index, which aligned with market expectations, hinting that a Federal Reserve rate cut might not be imminent. This outcome has influenced the dollar's resurgence. Concurrently, market participants are now keenly awaiting the release of the Eurozone's Consumer Price Index (CPI) data scheduled for today. EUR/USD declined but is currently supported at above 1.0800 levels, given a neutral signal for the pair. The RSI has been hovering in the lower region while the MACD is on the brink of breaking below the zero line, suggesting the bearish momentum has overwhelmed the bullish momentum. Resistance level: 1.0865, 1.0954 Support level: 1.0775, 1.0770
by top_fx
GBPUSD H4 1 March 2024GBP/USD, H4 The GBP/USD currency pair has wiped out all the gains it made from the previous session's rebound, indicating that it is currently exhibiting bearish momentum. The U.S. Personal Consumption Expenditures (PCE) index, meeting market expectations at 2.4%, signals that inflation remains persistent in the country. Concurrently, the broader market sentiment has shifted to largely discount the possibility of a rate hike in June, which has subsequently bolstered the strength of the dollar. Furthermore, traders are closely watching the release of the UK's Manufacturing Purchasing Managers' Index (PMI) due today, as it is anticipated to provide insights into the Sterling's economic strength and potentially influence the currency pair's movement. The GBP/USD pair declined and erased all its previous gain, suggesting a bearish bias for the pair. The RSI is gradually moving lower while the MACD is on the brink of breaking below the zero line, suggesting the pair is trading with bearish momentum. Resistance level:1.2635, 1.2710 Support level: 1.2530, 1.2437
Short
by top_fx
XAUUSD H4 1 March 2024XAU/USD, H4 Gold prices stage a rebound as downbeat US economic data prompts investors to seek refuge in dollar-denominated gold. The focus shifts from subdued US inflation expectations to escalating geopolitical tensions in the Middle East, rekindling the safe-haven appeal of the precious metal. Gold prices are trading higher following the prior breakout above the resistance level. MACD has illustrated increasing bullish momentum, while RSI is at 60, suggesting the commodity might extend its gains since the RSI stays above the midline. Resistance level: 2055.00, 2080.00 Support level: 2035.00, 2015.00
PEPPERSTONE:XAUUSDLong
by top_fx
DOLLAR_INDX,DXY H4 1 March 2024DOLLAR_INDX, H4 The Dollar Index maintains a steady position as the US Core PCE Price Index registers a decline to 2.4% on a yearly basis in January, in line with market projections. Despite the dip, the impact on the Dollar's performance against other currencies is limited, as attention turns to additional economic indicators, including disappointing Initial Jobless Claims and Chicago PMI figures. The Dollar Index is trading higher following the prior rebound from the support level. MACD has illustrated increasing bullish momentum, while RSI is at 61, suggesting the index might extend its gains since the RSI stays above the midline. Resistance level: 104.50, 104.95 Support level: 103.70, 102.90
TVC:DXYLong
by top_fx
LTC/USDT 1DInterval Chart ReviewI invite you to review the LTC chart on a one-day interval. Let's start by defining the upward trend channel with the yellow lines, from which the price broke out at the bottom, but here we did not see a dynamic correction, only a movement under the lower edge of the channel. Let's start by marking support points for the price and we can see that first of all we have strong support which currently holds the price at $69, but if the price drops lower, we have another strong support at $56, and then we can see that the price has more room for a drop to around $40, which is unlikely. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance at the level of $76, then we can see a strong move to around $98, and then we can see the resistance at the level of $114, which previously effectively rejected the upward movement. On the RSI indicator, we can determine the downward trend line from which we moved upwards from the moesijce to a potential upward movement, while on the STOCH indicator, the upward movement ended with a dynamic recovery, which again gives room for growth.
by cryptodailyuk
ETH/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving along a local upward trend line. After unfolding the Fib Retracement grid, there is a very strong resistance at the level of $3,120, which stopped the increase, but the level of $3,252 will remain important. Looking the other way, you can see support at $3,038, and then support at $2,906. The RSI indicator and the STOCH indicator show a movement at the upper limit, which stops the growth and may result in a price recovery.
by cryptodailyuk
1
10 Daily Outlooks. D6. BTCUSD, EU, XAUUSD, USDCAD and others☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
XAU/USD 19-23 Feb 2024 Weekly AnalysisWeekly Analysis: Outlook and bias for this coming week remains unchanged. -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line) As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback. Anticipate structure to indicate start of pullback phase once price prints CHoCH. Weekly Chart: Daily Analysis: Bias has remained unchanged since last week: -> Swing: Bullish. -> Internal: Bullish -. Sub-Internal -. Bearish -> Has reached EQ. Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range. Price remains, as last week, to be trading within internal high and low. I have now mapped sub-internal structure in red to gain a micro-view of the Daily Timeframe. Sub-Internal structure has printed a bearish iBOS where we are now seeing a bullish pullback. Bullish pullback has reacted at a Daily POI. Daily Chart: H4 Analysis: Analysis/expectation remains the same as yesterday (16/02/2024) -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated. Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing. Await bearish price action to confirm bullish pullback is complete for price to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
16th Feb - Daily and weekly anticipated levelsPlease take a look to previous (15th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
15th Feb - Daily and weekly anticipated levelsPlease take a look to previous (14th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P TCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
10 Daily Outlooks. D5. BTCUSD, XAUUSD, GU, EU, US100☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
5
24-01-24 AUDUSD Long Entry Signal on 4H Chart 24-01-24 AUDUSD Long Entry on 4H Chart Entry Price: 0.65700 Stop Loss Price : 0.65300 / 40 Pips Take Profit: 0.66300 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: b + CONS: - Momentum more bearish + upside down v-shape (price usually likes to continued in the 2nd leg) of the V) PROS: - The price levels have made a solid support zone - Could be lots of Buy Side Liquidity in the stop loss area - For every Buy order there needs to be a sell order A. this is critical for the trade due to the potential shift in the market to bullish B. The lows have a higher probability to hold due to large Central Banks, Hedge Funds , ETC wanting to hold the lows. So they can buy against the trend to fluid enough liquidity C. They might Induce market participates into selling in order to produce enough liquidity to cause a bullish leg of momentum to the upside. D. I accept the risk and I will place a pending order. Main Goal: -Increase Win Rate this Quarter. Currently at 44%- I have Placed a pending order. If anyone needs ideas with trade management please leave a comment.
Long
by Trader_Miles